This is the first of my RENKO strategies and studies series.
I'm developing some studies on Renko charts from a while and now is time to share the results.
This startegy is based on this idea: to measure the "vigor" or strength of a price action and to follow it.
I use Renko charts to identify the price action.
The indicator will rise or fall when a price action...
Thanks to the great work of KIVANÇ in the Relative Estimated Price REP by KIVANÇ fr3762, it has adapted modifications in the Lookback bar length, transformed into strategy, where a line determines a relative average price of XBTUSD, BTCUSD, ETHUSD and BCH.
the line is a calculation, where it involves reading previous candles where it determines what the current...
This strategy is based on volumes and Bill Williams indicators.
The idea is simple:
- if price has enough boost then follow the trend
- if the boost is slowing down then bet on trend reversal
Results are very good: look at maximum drawdown and percent profitable.
If you are intested on this strategy, I devoleped also the study with alarms.
I will post results...